One of the primary reasons why companies prefer to outsource to Indian companies is because of the availability of a large and varied pool of skilled talent. Another model of offshoring is when a company joins hands with a third-party offshore company. The offshoring company provides the infrastructure, support and offshore resources/teams that directly work with the client.
India ranks 1st (out of 60 countries) on the 2021 Kearney Global Services Location Index with an overall score of 7.09. This index assesses the countries’ capacity to deliver services based on parameters like financial potential, talent availability, business environment, digital resonance, etc. Indian IT companies offer high-quality services by leveraging the latest technologies and the country’s top-notch tech infrastructure.
Pros and Cons of Outsourcing Software Development to India
- This model is ideal for small projects with clear requirements and limited features such as MVP development projects.
- It’s like they’re laying down the red carpet for businesses and global entrepreneurs.
- Outsourcing provides businesses with access to this talent pool, allowing them to leverage the expertise of experienced professionals with advanced degrees in their respective fields.
In this article, we’ll cover everything you need to know about outsourcing to India and how to manage your outsourced staff. The firm was established in August 2007 and has five branch offices in India and one in the UK. Epicenter collaborates with Fortune 500 companies across the globe, assisting them in transforming operations and building agility to drive better business outcomes. The firm has four offices across India and supports various industries such as the telecom, shipping, logistics, and fintech sectors. They focus on back-office processing, contact centers, and HRO solutions to deliver transformational impact to clients.
Focus on Core Competencies
Outsourcing work to India has proven to be highly advantageous for many US businesses across various industries. Because of government initiatives such as Digital India, and Startup India, local companies got a favorable environment from the government. And it has made India significant strides in technological advancements, particularly in the IT sector.
In 2023, time zone differences may still be a challenge for businesses that require real-time collaboration with their outsourcing partners. This can be addressed by establishing clear communication channels and scheduling regular meetings to ensure that both parties are aligned. Infosys is a next-generation software development company headquartered in Bangalore, offering IT solutions and digital marketing services. In addition to having several branches across India, it has a presence in over 50 countries, including China and Japan. India is a popular software development outsourcing destination due to its robust tech ecosystem, a large IT talent pool, and low cost of operations.
This trend is driven by the need for businesses to outsource non-core functions to focus on their core competencies. Outsourcing to India can help businesses improve their efficiency and productivity by delegating non-core tasks to specialized outsourcing firms. Outsourcing allows companies to focus on their core competencies, enabling them to increase their productivity and competitiveness in the marketplace. In 2023, Indian outsourcing firms are expected to leverage technology and automation to deliver even greater efficiency and productivity gains to their clients. Outsourcing to India continues to provide significant cost savings for businesses due to the lower cost of labor and operational expenses in the country. India offers competitive pricing compared to other outsourcing destinations, such as China or the Philippines, while still maintaining a high level of quality.
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Companies can assign tasks to their Indian counterparts at the end of their business day and have the completed work ready when they resume operations the next day. From initial planning to project execution, it equips businesses with actionable insights to navigate the complexity of cross-border collaboration. Hiring dedicated resources is ideal for medium to large projects that need long-term commitment & greater flexibility. This model is ideal for small projects with clear requirements and personal financial statement template limited features such as MVP development projects.
If you were to ask other businesses out there, you would probably find that most have had at least one Indian involved at some stage in their project. Did you know that you could reap the benefits of outsourcing to India, even if your business is small? In fact, most smaller businesses these days are taking advantage of outsourcing software development to India, along with many other tasks. To name a few of the leading outsourcing software development providers in India – Tata Consultancy Services, Hyperlink InfoSystem, and HCL Technologies.
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